| ln(Price) | Parcel Size (acres) | |||||||
|---|---|---|---|---|---|---|---|---|
| Variable | Coefficient | t-Valueb | Coefficient | t-Valueb | ||||
| Intercept | 7.48 | 262.71 | 200.28 | 18.72 | ||||
| Acresa | − 0.0011 | − 21.13 | ||||||
| 10,000 population | − 0.0072 | − 11.18 | 0.40 | 2.20 | ||||
| 500 population | − 0.0174 | − 5.70 | 2.34 | 6.02 | ||||
| Collector | − 0.0289 | − 8.36 | 13.27 | 12.53 | ||||
| Arterial | − 0.0478 | − 20.80 | 10.59 | 15.32 | ||||
| Acres*10,000 population | 4.5E–06 | 4.02 | ||||||
| Acres*500 population | 0.000027 | 5.80 | ||||||
| Acres*Collector | 0.000042 | 3.04 | ||||||
| Acres*Arterial | 0.000064 | 9.13 | ||||||
| Pasture | 0.0028 | 11.73 | − 0.35 | − 8.67 | ||||
| County fixed effects | < 0.0001 | < 0.0001 | ||||||
| Year fixed effects | < 0.0001 | < 0.0001 | ||||||
| Spatial autocorrelation | < 0.00001 | 0.036 | ||||||
↵a The means with the standard deviations in parentheses of the four distance variables are 10,000 population: 17.3 (13.6), 500 population: 5.92 (4.52), collector road: 1.09 (0.83), and arterial road: 1.94 (1.6). At the mean of these four variables, the derivative of Acres is − 0.00069. All four distance variables would need to be 2.17 standard deviations above their means for the derivative of Acres to be zero.
↵b The last three values in the column are p-values rather than t-values.